Elderly care groups Medica, Korian planning merger

PARIS

PARIS Nov 18 (Reuters) - Korian and Medica
said on Monday they signed a memorandum of
understanding for a potential merger of equals to create the
European leader of elderly care sector with combined revenue of
2.2 billion euros.

The new group would operate in France, Germany, Italy and
Belgium,and target revenue of 3 billion euros by 2017, the
statement said.